Companies Pursue a Global Standardization Strategy When They Want to Minimize

question 49

True/False

Companies pursue a global standardization strategy when they want to minimize costs.

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Definitions:

Network Structure

An organizational form characterized by less hierarchical, more flexibly connected nodes or units, allowing for fluid communication and collaboration.

External Environments

Factors, conditions, and influences that exist outside of an organization and can impact its performance and strategies.

Organizational Strategy

A plan of action designed to achieve a long-term or overall aim within an organization.

Designing Organizations

Designing organizations involves structuring and aligning the various parts of an organization in a way that matches its strategy, enhances efficiency, and facilitates management and operational processes.